📊 #bitcoin (BTC) 4H Chart Technical Analysis 🚀
Key Levels:
🛑 Support: $97,274
🚧 Resistance: $99,892
💡 Entry Points (Long):
1️⃣ Buy near Support ($97,274):
🔽 If the price approaches this support and shows a bullish reversal (e.g., candlestick patterns or increased buying volume), this could be a great entry point.
2️⃣ Breakout above Resistance ($99,892):
🚀 A confirmed breakout above this level, especially with strong volume, might signal a new uptrend.
3️⃣ Retest of Broken Resistance as Support:
🔄 After breaking $99,892, a successful retest of this level as support could offer another entry opportunity.
💰 Take Profit Levels:
1️⃣ First Target at $102,000:
💡 Secure partial profits here, as it may act as psychological resistance.
2️⃣ Second Target at $105,000:
🎯 This is a strong resistance level where additional profits can be taken.
3️⃣ Third Target at $110,000:
🚀 Aiming for this level indicates a strong bullish trend—consider locking in further profits here.
⚠️ Stop-Loss:
⛔ Below Support ($97,000):
Place a stop-loss just below support to manage risk effectively.
🔍 Additional Tips:
🔧 Use indicators like RSI and MACD to confirm momentum and identify potential trend reversals.
🌐 Keep an eye on market sentiment and news that could impact Bitcoin's price.
💹 Note: The crypto market is highly volatile. Trade responsibly and always manage your risk. Good luck! 🍀
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